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where's the president of the united states been? >> reporter: when we spoke to the legislators they today talk to you about the leadership. >> i respect the committee process and the committees have their work to do to investigate this. >> reporter: remember, that committee process began over a year ago. during that year, another of elena's drugs has hit the shortage list. she needs it to soften chemo's toxic effects. >> i can't imagine what it would be like without it. when you have diaper rash that's literally an open wound over your whole bum, it's like screaming pain. it's horrible. >> reporter: legislation has cleared a committee but still needs a vote by the full senate. senate majority leader harry reid. explain to me why it takes 14 months since that first bill was introduceed before anything is even beginning to look like it's going to happen? >> you know, as i said, things take a long time. when someone's been in a governor in a state and comes to congress and goes "wow, what's going on here?" that's the way we've always b
where's the president of the united states been? >> reporter: when we spoke to the legislators they today talk to you about the leadership. >> i respect the committee process and the committees have their work to do to investigate this. >> reporter: remember, that committee process began over a year ago. during that year, another of elena's drugs has hit the shortage list. she needs it to soften chemo's toxic effects. >> i can't imagine what it would be like without it....
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what is the big concern for investors here in the united states? >> well, it brings that word uncertainty back in the market. a change in government during a debt crisis makes for a lot of uncertainty. we have a new leader in france who wants to change policy. hollande isn't a fan of os terty measures or spending cuts which we've been talking about for months in the european sooen. -- zone. it futs the franco-german relationship into jeopardy. hollande favors spend iing to create jobs. and that's going to increase their debt. >> thank you so much. appreciate it. don't forget, you can watch cnn live on your computer. cnn news room is continuing right now with banfield. >> let's start with rapid fire. let's go. here's how it starts. security officials saying militants attacked when 26 soldiers were killed and another 16 hostage. militants also escaped with weapons, armored vehicles and tanks as well. one was killed yesterday in a car bombing. he was wanted for the u.s.s. cole coming back in 2000. officials are looking for a mother and three daughters
what is the big concern for investors here in the united states? >> well, it brings that word uncertainty back in the market. a change in government during a debt crisis makes for a lot of uncertainty. we have a new leader in france who wants to change policy. hollande isn't a fan of os terty measures or spending cuts which we've been talking about for months in the european sooen. -- zone. it futs the franco-german relationship into jeopardy. hollande favors spend iing to create jobs....
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and it appears that the united states nailed the attack. chris lawrence is at the pentagon. usual official confirming to us that cia drone strike talk him out in a lawless part of yemen. this was a man on the fbi's most wanted list with a $5 million bounty on his head. someone the u.s. has been very, very interested in getting. >> apologies. i thought you were going to a piece of sound there. we've been talking about drone strikes. ainge lot of people understand there. is this going to become another pakistanish problem? >> not really. it looks like the exact opposite. in have been 15 drone strikes this year. and the offensive is really starting to ramp up for several reasons. one is the president seems very commitmented to going after al qaeda and supportive of u.s. drone strikes. the cia got authorization to product drone strikes even if they're not sure of the target's identity. so it's given the u.s. more leeway to conduct some of these drone strikes. and when you look at what koubt terrorism officials say about the al qaeda group in yemen that it's the most direct threa
and it appears that the united states nailed the attack. chris lawrence is at the pentagon. usual official confirming to us that cia drone strike talk him out in a lawless part of yemen. this was a man on the fbi's most wanted list with a $5 million bounty on his head. someone the u.s. has been very, very interested in getting. >> apologies. i thought you were going to a piece of sound there. we've been talking about drone strikes. ainge lot of people understand there. is this going to...
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. >> it's very exciting and encouraging to hear the vice president of the united states speaking in support of equality, equal respect, dignity, and validation for all of our citizens in terms of marriage equality. this is good news today. >> this issue comes two days before voters in north carolina vote on a constitutional ban on gay marriage. nbc bay area news. >>> 4:37 now. california state university trustees will consider changes to rules on executive salaries this week. among the proposals, removing a 10% cap on salary increases for new residents and allocating more foundation money as pay for those presidents. critics say the money should be used for student scholarships or instruction. there'll be a closed session meeting in long beach today and tomorrow and then a public session on wednesday morning. >>> it is 4:38 right now. and definitely had a beautiful weekend out there. looks like a good-looking weekend too, christina loren. >> a warm start to the week. and you'll notice, a little bit of fog out there this morning, with a weak onshore flow in place. as of this afternoon, thoug
. >> it's very exciting and encouraging to hear the vice president of the united states speaking in support of equality, equal respect, dignity, and validation for all of our citizens in terms of marriage equality. this is good news today. >> this issue comes two days before voters in north carolina vote on a constitutional ban on gay marriage. nbc bay area news. >>> 4:37 now. california state university trustees will consider changes to rules on executive salaries this...
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they're concerned about very sluggish pace of economic activity here in the united states and ongoing recession elsewhere. i think investors are quite nervous about the equity market. one of the things that will restore confidence, i believe, will be not just improved performance in the equity market, we are in fact at prices that are double what they were at the bottom. but also ongoing improvement in the economy. particularly those variables that people feel each and everyday, how their neighborhood is doing. how their families are doing on the job market as well. >> you know, to mandy's point, i think it is a huge issue. how do we regain the trufrt of mom and pop in america in the equity mark snets i'm sure you talk to people. i do. mandy does. we all do here. they say, you know what, i don't trust it. it is a rigged game, i'm out. frts. >> well, what we have to understand of course, is that the equity market is something that shouldn't be viewed in a straight line. i think that many investors in the period before the credit crisis become lulled into a sense that things would move
they're concerned about very sluggish pace of economic activity here in the united states and ongoing recession elsewhere. i think investors are quite nervous about the equity market. one of the things that will restore confidence, i believe, will be not just improved performance in the equity market, we are in fact at prices that are double what they were at the bottom. but also ongoing improvement in the economy. particularly those variables that people feel each and everyday, how their...
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. >> so has there been any official reaction from the united states at this point? >> well, not yet. i mean, some of those demands, as we've been talking about, he's asking for the u.s. to release all prisoners from the taliban and al qaeda. also asking for all drone strikes to stop in afghanistan, pakistan, somalia, and yemen. and going as far as to ease the border between gaza and egypt. so it's not just about al qaeda and taliban, but improving the life of all muslims. but the u.s. says we don't negotiate with terrorists. we are aware of the video. very concerned about his well being and safety. fbi working with the pakistanis but no negotiations with terrorism. if you think back to when the journalist from the "wall street journal" was kidnapped, then secretary of state colin powell said there will be no demands met. we don't negotiate with terrorists. i think the u.s. will stick to that policy. everybody trying to do what they can to locate mr. weinstein, but there won't be any talking with al qaeda about his release. >> let's take a listen to his pleas. >> it'
. >> so has there been any official reaction from the united states at this point? >> well, not yet. i mean, some of those demands, as we've been talking about, he's asking for the u.s. to release all prisoners from the taliban and al qaeda. also asking for all drone strikes to stop in afghanistan, pakistan, somalia, and yemen. and going as far as to ease the border between gaza and egypt. so it's not just about al qaeda and taliban, but improving the life of all muslims. but the...
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let's start in the united states. looking like it will be a lower open if the markets with your to open now, the dow would be lower by 116, the nasdaq lower by 29, and the s&p 500 lower by nearly 14. this after we had a down day for the markets on friday with the dow lower by 168 points for the day, nearly 1.5% for the week. weaker than expected nonfarm payrolls mum, of course that was impacting the markets. and we saw particularly tough day for tech, as well. the nasdaq posting a 68 point loss and the sector leading losses on the s&p 500, as well. and also interesting to note the s&p and nasdaq posting the worst weekly percentage declines so far in 2012. how is it looking in europe? >> still looking red. the ftse is out of action today. a bank holiday there. these are the better man equities. one player in positive territory. down here you have the worst performing groups, basf lower by 2.5%, ling lower by around 2%. let me show you our european equity markets. xetra dax down by 1.3%. we've moderated some of the earl
let's start in the united states. looking like it will be a lower open if the markets with your to open now, the dow would be lower by 116, the nasdaq lower by 29, and the s&p 500 lower by nearly 14. this after we had a down day for the markets on friday with the dow lower by 168 points for the day, nearly 1.5% for the week. weaker than expected nonfarm payrolls mum, of course that was impacting the markets. and we saw particularly tough day for tech, as well. the nasdaq posting a 68 point...
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. >> look, i am vice president of the united states of america. the president sets the policy. i am absolutely -- >> vice president joe biden giving us a couple of hints that the white house view of same-sex marriage could be evolving just as a key vote on the matter comes up in the battleground state. >>> this is cnn breaking news. >>> up first we begin with breaking news. a chilling video just released by al qaeda. on it, u.s. hostage warren weinstein, begs president obama to agree to his kidnappers' demands or else he will be killed. he was abducted last august in pakistan. the 70-year-old maryland executive has a bunch of health issues, including heart problems. here's part of the video militants posted online. >> i'd like to talk to president obama and ask and beg him that he please accept and respond to the demands of the mujahadin. if you accept the demands, i live. if you don't accept the demands, then i die. it's important you accept the demands and act quickly and don't delay. there will be no benefit in delay. it will just make things more difficult for me. but it is
. >> look, i am vice president of the united states of america. the president sets the policy. i am absolutely -- >> vice president joe biden giving us a couple of hints that the white house view of same-sex marriage could be evolving just as a key vote on the matter comes up in the battleground state. >>> this is cnn breaking news. >>> up first we begin with breaking news. a chilling video just released by al qaeda. on it, u.s. hostage warren weinstein, begs...
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united states is on a different path. we address the problems of our banks three years ago and put lots of capital in them and they retained lots of capital and cleaned out significant percentage of their bad loans. so we have a whole different banking system in the united states. plus we have our own currency. and being able to issue all of your debt in your own currency is just an entirely different game than having to issue it in some other currency. >> the ecb has figured out a way to extend it balance sheet with the ltro. do you expect more fiscal easing -- or more monetary easing policy to come from them? >> well, a trillion euros isn't bad. they had a funding scare five or six months ago and the banks are in weak capital positions in many cases, loaded with sovereign bonds that mark to market don't make them look very good. so they had a big funding problem. and the ecb stepped in in a major way and stepped in with three year paper. so they head off a funding crisis. but the problems haven't been solved with the ba
united states is on a different path. we address the problems of our banks three years ago and put lots of capital in them and they retained lots of capital and cleaned out significant percentage of their bad loans. so we have a whole different banking system in the united states. plus we have our own currency. and being able to issue all of your debt in your own currency is just an entirely different game than having to issue it in some other currency. >> the ecb has figured out a way to...
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states if mississippi has a bad year bad decade bad century we don't debate whether or not we should raise taxes specifically there or cut spending we just keep paying the medicaid that's because we're a fiscal union europe is a bunch of extremely different countries pulled together under one currency and that was falling apart and it doesn't make any sense for greece to be in the same currency as the rest of the european union but in the short term they're going to be and the result of that is going to be incredible pain for the greek people until they force the german and governments to either give them some sort of remarkable bailout or set forward the past that they can leave the european union and what i think one of the things that greece has to grapple with is not a solution the question is is austerity working but is that particular austerity working because greece is actually it's almost the worst of all possible worlds for the greek citizens because they have to go through all they have to take all this pain where bondholders are not having to take as much you know maybe fi
states if mississippi has a bad year bad decade bad century we don't debate whether or not we should raise taxes specifically there or cut spending we just keep paying the medicaid that's because we're a fiscal union europe is a bunch of extremely different countries pulled together under one currency and that was falling apart and it doesn't make any sense for greece to be in the same currency as the rest of the european union but in the short term they're going to be and the result of that is...
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about qe 3 in the united states. but now we see. we can be consent about unfolding in the euro zone. spain is under funding pressures again. >> we are out of time. i want to grab hold of what you think happens here. you say the problem is tractable. what gives down the line. keep voting against austerity. is there a stand off between the rest of the european union and greece is asked to leave the union. >> give more funds to greece to allow a more gradual fiscal consolidation or decide that the rest is better off. a lot depends on how they are not easy solutions here. approving more funds is politically very, very difficult. >> joining frus bank of america in london. >> let's get the u.s. perspective on all of this. joining us here with more. dan, you heard say that he thinks it's paralysis in greece. basically in the case of france for instance. under normal circumstances, paralysis is, you know, we should welcome such an occurrence. the problem in that type of a viewpoint is when sit not fully functioning. if there is one thing yo
about qe 3 in the united states. but now we see. we can be consent about unfolding in the euro zone. spain is under funding pressures again. >> we are out of time. i want to grab hold of what you think happens here. you say the problem is tractable. what gives down the line. keep voting against austerity. is there a stand off between the rest of the european union and greece is asked to leave the union. >> give more funds to greece to allow a more gradual fiscal consolidation or...
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and i think when you're running for re-election as president of the united states, it needs to be more substantive. >> was hope more substantive. >> he wasn't the president then. that was a little bit different. it did capture the times that senator obama was running in. i don't know. >> erin mcpike, you said you liked. i put you on the spot. >> it does need to be simplistic so people can tell their neighbor what it is. the backward part of it that mitt romney is just like the bush administration just like republicans in 2008, it's an indictment against that. and forward is the opposite. >> so it connotes the backwardness of bush 43 while at the same time proposing an alternative. >> exactly. >> ari? >> i'm not feeling it. i was saying before that change we can believe in gestured towards a core promise of the obama campaign which is that he was not a normal politician. some people strongly disagree with that, but that's what it jett gestured toward. >> i think wolfson probably disagreed with that at the time. >> the famed lead strategist for the hillary clinton, what it said about hil
and i think when you're running for re-election as president of the united states, it needs to be more substantive. >> was hope more substantive. >> he wasn't the president then. that was a little bit different. it did capture the times that senator obama was running in. i don't know. >> erin mcpike, you said you liked. i put you on the spot. >> it does need to be simplistic so people can tell their neighbor what it is. the backward part of it that mitt romney is just...
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. >> it's very exciting and encouraging to hear the vice president of the united states speaking in support of equality, equal respect, dignity and validation for all of our citizens in terms of marriage equality. so this is good news today. >> reporter: this issue comes just two days before voters in north carolina weigh in on a constitution alban on gay marriage. >>> walnut creek is hoping the force is with it, the city hoping to lure filmmaker george lucas across the bay. he pulled his plan to build a new studio and nbc bay area explains what the move might mean. >> i saw "star wars" in the theaters in '77. ever since, every kid is a star wars fan. how could you not be stoked to hear lucas is bringing his stuff over here? >> reporter: it's a big maybe. the idea is for lucas films to build a production studio in walnut creek. a few days ago city leaders wrote a letter detailing the perks of the 240-acre shade lands business park. they haven't heard back. but mayor simmons says walnut creek is perfect, with a claim to innovation fame. >> the human genome was first mapped in walnut creek in
. >> it's very exciting and encouraging to hear the vice president of the united states speaking in support of equality, equal respect, dignity and validation for all of our citizens in terms of marriage equality. so this is good news today. >> reporter: this issue comes just two days before voters in north carolina weigh in on a constitution alban on gay marriage. >>> walnut creek is hoping the force is with it, the city hoping to lure filmmaker george lucas across the...